Overview
What is Colchester Properties Inc C/O Albion College?
Colchester Properties Inc, functioning as a subsidiary of Albion College, is a 501(C)(2) real estate holding company. Its primary objective is to acquire property adjacent to Albion College for potential future expansion and development. If the acquired properties are suitable, they are rented out to the college's employees and community members. In contrast, if the properties are not suitable for rental, the structures are demolished, and the land is preserved as vacant land for future use. The company's mission is to support the growth and expansion of Albion College by managing its real estate holdings effectively.
Is Colchester Properties Inc C/O Albion College legitimate?
Colchester Properties Inc C/O Albion College is a legitimate nonprofit organization registered as a 501(c)(2) entity. Colchester Properties Inc C/O Albion College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Colchester Properties Inc C/O Albion College?
Colchester Properties Inc, acting as a real estate holding company for Albion College, aims to acquire property adjacent to the college for potential future development and expansion. If suitable, these properties are rented out to employees and members of the community. In cases where properties are not suitable for renting, the structures are demolished, and the land is held as vacant land. The primary objective is to support the growth and expansion of Albion College.
Who is the CEO of Colchester Properties Inc C/O Albion College?
Mark S Holbrook is the Vice President - Part Year of Colchester Properties Inc C/O Albion College.
What is the revenue of Colchester Properties Inc C/O Albion College?
Colchester Properties Inc C/O Albion College's revenue in 2022 was $103,222.
Who are the executives of Colchester Properties Inc C/O Albion College and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $91,386
- Other: $11,950
- Compensation: $0
- Related: $105,979
- Other: $24,789
- Compensation: $0
- Related: $91,386
- Other: $13,923
- Compensation: $0
- Related: $144,255
- Other: $34,798
Where can I find the form 990 for Colchester Properties Inc C/O Albion College?
Colchester Properties Inc C/O Albion College's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Colchester Properties Inc C/O Albion College
Colchester Properties Inc C/O Albion College, as a real estate holding company for Albion College, has a mission to acquire property adjacent to the college's existing land for potential future development and expansion. The company holds these properties, if suitable, and rents them out to employees and members of the local community. If the structures are not suitable for renting, they are razed and held as vacant land. The primary goal of Colchester Properties Inc is to support the growth and development of Albion College, contributing to its expansion and enhancement of its facilities.
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Impact
October, 2024
Colchester Properties Inc C/O Albion College plays a significant role in shaping the local community and supporting the growth of Albion College. By acquiring properties adjacent to the college, it facilitates potential development and expansion, which can enhance the educational environment and resources available to students.
The organization also contributes to community welfare by renting out suitable properties to community members and college employees. This not only provides housing options but also fosters a sense of community by integrating college staff and locals. In cases where the buildings are deemed unsuitable, Colchester Properties prioritizes community improvement by razing dilapidated structures and holding the land for future development. This proactive approach can lead to enhanced neighborhood aesthetics and potential new projects that can benefit Albion and its residents. Overall, Colchester Properties Inc serves as a crucial link between Albion College and the broader community, paving the way for future growth and collaboration.
This information is meant to be a general summary of Colchester Properties Inc C/O Albion College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53,219
- Program Service Revenue: $50,003
- Gross Receipts: $121,879
Assets and Liabilities:
- Total Assets: $535,076
- Total Liabilities: $1,382,965
- Net Assets: -$847,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$50,003
Organization Details
Founding Year
1972
Phone
(517) 629-0540Principal Officer
Mark S Holbrook
Main Address
611 EAST PORTER STREET, ALBION, MI, 49224
NTEE Category
Code: S47 - Community improvement
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